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The Role of Fireplaces in Home Value

Thanks to Clean Sweep Chimney, Gutter & Slate Service for this episode of Tips from the Pros about fireplaces and home sales.

Fireplaces Play an Important Role in Winter Home Sales

Fireplaces have a direct positive effect on home sales, provided that they are in good condition. A study by the National Association of Realtors showed that fireplaces were one of the top three amenities requested by prospective homebuyers.

How Do Fireplaces Affect Home Value?

Almost half of homebuyers indicate that they are willing to pay more for a home with a working fireplace. On average, both wood-burning and gas fireplaces increase a home’s selling price by 12%. Their value is undeniable, whether they are inside of a home, condominium, townhouse or apartment. Outdoor fireplaces also are known for increasing home value.

What Affects the Value of the Fireplace?

The condition of the fireplace plays the biggest role in whether it adds to or detracts from a home’s value. A fireplace that is unsafe, damaged or full of accumulated creosote build-up is a fire hazard. Any home inspector or chimney inspector will spot these problems right away and let the prospective buyer know. In many cases, the fireplace in disrepair will detract from the home’s value or lose the sale altogether. Heading into the winter months, nobody wants to deal with repairing a fireplace when they could be gathering around the fire.

How to Ensure a Great Home Sale

Before listing the home, take the time to explain the importance of a fireplace in good condition to your seller. Take the time to:

Schedule a chimney inspection with Clean Sweep using our exclusive 12 point checklist

Complete any recommended repairs before listing the home

If needed, replace the chimney lining and the chimney cap

Have creosote removal and a thorough chimney sweeping performed

Ready to give your seller’s chimney a clean sweep before listing the home this winter? Call Clean Sweep Maryland today at 410-558-1111 for professional service with a smile this fall.